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Real Estate Glossary of Terms

Cost of Funds Index (COFI)

An index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans. It represents the weighted-average cost of savings, borrowings, and advances of the 11th District members of the Federal Home Loan Bank of San Francisco. See adjustable-rate mortgage (ARM).

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Thayer D. Fairing, Licensed Real Estate Broker, License # BK3232450; 25 years of experience in the real estate profession.
He is a licensed Real Estate Broker, Licensed Mortgage Broker and Licensed Title Insurance Agent

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